Broker Affiliation & Compensation

To Our Customers

Auto insurance is regulated by the provincial government…. Thank you for your business. SmartCoverage Insurance Services Inc. (SCIS) would like to make you aware of who we are and how we are compensated.

SCIS is a privately owned insurance brokerage without financial affiliation to any individual insurance company.

SCIS receives compensation in two ways. First, a base commission is paid by the insurer on the premium we charge you that relates to the work effort, underwriting and other policy administration expenses borne by SCIS. This base commission will vary from 9% to 20% depending on the product line and insurer. Second, a contingent commission may be paid to SCIS if an insurer represented by SCIS achieves certain underwriting results. The methodology for calculating the payment will vary by insurer, but generally the contingent commission, if paid, will range from 0.25% to 2.2% of the premium that SCIS produces for that insurer.

SCIS represents the following insurers:

Ontario

Alberta

Quebec

Scottish & York Insurance Co. Limited

Traders General Insurance Company

Elite Insurance Company

Pembridge Insurance Company

Pafco Insurance Company

Royal & Sun Alliance

The Nordic Insurance Company of Canada

Jevco Insurance Company

Economical Insurance

Perth Insurance Company

Travelers Canada

The Dominion of Canada General Insurance Company

Chieftain Insurance

Zenith

Aviva Traders Insurance Company

Elite Insurance Company

The Nordic Insurance Company of Canada

Pembridge

Travelers-Dominion

Economical

Royal & Sun Alliance

Aviva Insurance Company of Canada

Elite Insurance Company

Your insurer will be providing you with a Consumer Code of Rights and Responsibilities that will be forwarded to you with your policy. If you have any questions regarding the above or any aspect of your insurance please contact us at: